Kaixin (NASDAQ:KXIN) Cut to Strong Sell at Wall Street Zen

Wall Street Zen lowered shares of Kaixin (NASDAQ:KXIN) to a strong sell rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaixin in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Kaixin Price Performance

Shares of KXIN stock opened at $1.24 on Friday. Kaixin has a 52 week low of $0.54 and a 52 week high of $832.50. The company’s fifty day simple moving average is $4.51 and its 200-day simple moving average is $5.37.

About Kaixin

Kaixin Auto Holdings, Inc (NASDAQ: KXIN) is a China-based integrated automotive services company primarily engaged in the distribution and financing of passenger vehicles. The company’s core business lines include new car sales through a network of franchised dealerships, used-vehicle trade-ins and resale, as well as a full suite of after-sales services such as maintenance, repair and parts supply. By combining vehicle distribution with complementary services, Kaixin aims to capture value across the entire ownership lifecycle.

Founded in 2014 and headquartered in Chengdu, Sichuan Province, Kaixin has expanded its footprint across central and western regions of China.